IDEXX Laboratories (IDXX) Financials

$404.65 +13.71 (+3.51%)

As of 04:00 PM Eastern

Annual Income Statements for IDEXX Laboratories

This table shows IDEXX Laboratories' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	192	222	263	377	428	582	745	679	845	888
Consolidated Net Income / (Loss)	192	222	263	377	428	582	745	679	845	888
Net Income / (Loss) Continuing Operations	192	222	263	377	428	582	745	679	845	888
Total Pre-Tax Income	273	322	381	458	522	662	903	860	1,061	1,110
Total Operating Income	300	350	413	491	553	695	932	899	1,097	1,128
Total Gross Profit	890	975	1,097	1,242	1,366	1,571	1,889	2,004	2,190	2,379
Total Revenue	1,602	1,775	1,969	2,213	2,407	2,707	3,215	3,367	3,661	3,898
Operating Revenue	1,602	1,775	1,969	2,213	2,407	2,707	3,215	3,367	3,661	3,898
Total Cost of Revenue	712	800	872	972	1,041	1,136	1,326	1,363	1,471	1,519
Operating Cost of Revenue	712	-	872	972	1,041	-	1,326	1,363	1,471	1,519
Total Operating Expenses	590	625	684	750	813	877	957	1,106	1,093	1,251
Selling, General & Admin Expense	183	207	221	245	261	301	310	326	336	442
Marketing Expense	300	317	354	387	418	434	487	525	566	589
Research & Development Expense	100	101	109	118	133	141	161	255	191	220
Total Other Income / (Expense), net	-27	-28	-32	-34	-31	-33	-29	-39	-36	-19
Interest Expense	29	32	37	35	31	33	30	40	42	31
Interest & Investment Income	2.47	3.66	5.25	1.15	0.43	0.59	0.43	1.07	5.63	13
Income Tax Expense	81	100	118	81	94	80	158	181	216	222
Basic Earnings per Share	$2.07	$2.47	$3.00	$4.34	$4.97	$6.82	$8.74	$8.12	$10.17	$10.77
Weighted Average Basic Shares Outstanding	92.60M	89.73M	87.77M	86.86M	86.12M	85.34M	85.20M	83.62M	83.07M	82.47M
Diluted Earnings per Share	$2.05	$2.44	$2.94	$4.26	$4.89	$6.71	$8.60	$8.03	$10.06	$10.67
Weighted Average Diluted Shares Outstanding	93.65M	90.88M	89.57M	88.47M	87.54M	86.72M	86.57M	84.60M	83.98M	83.25M
Weighted Average Basic & Diluted Shares Outstanding	92.80M	89.90M	87.70M	86.90M	85.33M	85.43M	84.25M	82.90M	83.09M	81.33M

This table shows IDEXX Laboratories' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	181	172	214	224	212	195	236	203	233	216
Consolidated Net Income / (Loss)	181	172	214	224	212	195	236	203	233	216
Net Income / (Loss) Continuing Operations	181	172	214	224	212	195	236	203	233	216
Total Pre-Tax Income	234	213	268	286	268	240	295	259	299	256
Total Operating Income	245	227	280	296	275	245	299	264	304	262
Total Gross Profit	507	485	543	573	548	526	593	619	596	571
Total Revenue	842	829	900	944	916	902	964	1,004	976	954
Operating Revenue	842	829	900	944	916	902	964	1,004	976	954
Total Cost of Revenue	335	344	357	371	368	375	371	384	380	384
Operating Cost of Revenue	335	344	357	371	368	375	371	384	380	384
Total Operating Expenses	262	258	263	277	273	281	294	355	292	309
Selling, General & Admin Expense	84	83	70	90	89	87	92	157	92	101
Marketing Expense	130	132	148	141	136	142	149	143	146	150
Research & Development Expense	48	43	45	47	48	52	53	55	54	58
Total Other Income / (Expense), net	-11	-13	-13	-10	-7.39	-5.63	-3.48	-4.75	-4.98	-5.30
Interest Expense	11	14	13	11	8.65	9.27	7.91	8.10	7.70	7.50
Interest & Investment Income	0.35	0.24	0.42	0.33	1.26	3.63	4.43	3.35	2.71	2.20
Income Tax Expense	53	41	54	62	56	45	60	56	66	40
Basic Earnings per Share	$2.17	$2.08	$2.58	$2.70	$2.55	$2.34	$2.84	$2.46	$2.83	$2.64
Weighted Average Basic Shares Outstanding	83.25M	83.62M	82.99M	83.09M	83.10M	83.07M	83.10M	82.63M	82.30M	82.47M
Diluted Earnings per Share	$2.15	$2.05	$2.55	$2.67	$2.53	$2.31	$2.81	$2.44	$2.80	$2.62
Weighted Average Diluted Shares Outstanding	84.11M	84.60M	83.96M	83.98M	83.99M	83.98M	83.96M	83.39M	83.06M	83.25M
Weighted Average Basic & Diluted Shares Outstanding	82.82M	82.90M	83.00M	83.01M	83.05M	83.09M	82.59M	82.31M	81.88M	81.33M

This table details how cash moves in and out of IDEXX Laboratories' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-194	26	33	-59	-33	294	-239	-32	341	-166
Net Cash From Operating Activities	222	354	373	400	459	648	756	543	907	929
Net Cash From Continuing Operating Activities	222	354	373	400	459	648	756	543	907	929
Net Income / (Loss) Continuing Operations	192	222	263	377	428	582	745	679	845	888
Consolidated Net Income / (Loss)	192	222	263	377	428	582	745	679	845	888
Depreciation Expense	69	78	83	83	88	96	105	112	115	130
Non-Cash Adjustments To Reconcile Net Income	19	23	25	29	41	38	44	58	67	67
Changes in Operating Assets and Liabilities, net	-60	29	1.47	-90	-98	-68	-138	-306	-120	-156
Net Cash From Investing Activities	-308	-91	-139	139	-206	-109	-293	-195	-125	-207
Net Cash From Continuing Investing Activities	-308	-91	-139	139	-206	-109	-293	-195	-125	-207
Purchase of Property, Plant & Equipment	-83	-65	-74	-116	-155	-107	-120	-149	-134	-121
Acquisitions	-10	-1.96	-17	-30	-51	-2.17	-173	-22	0.00	-87
Sale and/or Maturity of Investments	57	204	287	284	-	-	0.00	0.00	8.38	1.56
Other Investing Activities, net	-	-	-	-	-	-0.25	0.00	-25	0.00	-1.00
Net Cash From Financing Activities	-101	-237	-208	-598	-286	-248	-697	-371	-442	-878
Net Cash From Continuing Financing Activities	-101	-237	-208	-598	-286	-248	-697	-371	-442	-878
Repayment of Debt	23	38	44	-256	-110	-295	-53	-75	-75	-75
Repurchase of Common Equity	-402	-304	-283	-369	-302	-183	-747	-820	-72	-837
Issuance of Debt	250	-	0.00	0.00	100	200	74	506	-329	0.00
Issuance of Common Equity	22	38	39	38	36	51	47	36	47	44
Other Financing Activities, net	5.88	-4.37	-8.07	-11	-10	-22	-17	-17	-13	-11
Other Net Changes in Cash	-	-	6.20	-	-	-	-4.64	-8.61	2.13	-9.53

This table details how cash moves in and out of IDEXX Laboratories' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-15	13	-1.18	21	199	122	-56	4.16	-93	-20
Net Cash From Operating Activities	189	173	184	200	272	250	199	248	220	262
Net Cash From Continuing Operating Activities	189	173	184	200	272	250	199	248	220	262
Net Income / (Loss) Continuing Operations	181	172	214	224	212	195	236	203	233	216
Consolidated Net Income / (Loss)	181	172	214	224	212	195	236	203	233	216
Depreciation Expense	29	29	28	28	29	30	30	32	34	34
Non-Cash Adjustments To Reconcile Net Income	15	14	16	17	17	17	16	-4.09	39	16
Changes in Operating Assets and Liabilities, net	-35	-41	-75	-69	14	8.80	-83	17	-86	-3.88
Net Cash From Investing Activities	-49	-49	-40	-27	-28	-30	-107	-33	-27	-40
Net Cash From Continuing Investing Activities	-49	-49	-40	-27	-28	-30	-107	-33	-27	-40
Purchase of Property, Plant & Equipment	-38	-49	-40	-27	-34	-33	-30	-33	-28	-29
Acquisitions	-12	-	0.00	-	-	-	-77	-	0.31	-10
Sale and/or Maturity of Investments	-	-	0.00	-	6.26	2.12	0.33	0.40	0.42	0.42
Net Cash From Financing Activities	-149	-117	-146	-151	-43	-102	-144	-210	-291	-233
Net Cash From Continuing Financing Activities	-149	-117	-146	-151	-43	-102	-144	-210	-291	-233
Repurchase of Common Equity	-173	-74	0.00	-	-35	-37	-155	-216	-221	-246
Issuance of Common Equity	4.88	12	13	10	13	11	21	5.36	5.00	13
Other Financing Activities, net	-3.08	-0.76	-11	-0.08	-0.33	-1.32	-10	-0.08	-0.22	-0.05
Other Net Changes in Cash	-6.16	5.89	0.50	-0.34	-2.70	4.66	-4.07	-	-	-9.77

This table presents IDEXX Laboratories' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,475	1,531	1,713	1,537	1,832	2,295	2,437	2,747	3,260	3,293
Total Current Assets	822	846	972	654	680	1,063	956	1,101	1,495	1,400
Cash & Equivalents	129	155	188	124	90	384	144	113	454	288
Accounts Receivable	188	204	235	249	269	331	368	401	457	474
Inventories, net	189	158	164	173	195	210	269	368	380	382
Other Current Assets	62	91	101	108	125	138	174	220	204	256
Plant, Property, & Equipment, net	333	357	379	437	534	555	588	649	702	713
Total Noncurrent Assets	320	328	362	446	619	677	894	996	1,062	1,180
Goodwill	179	178	200	214	240	243	359	362	366	405
Intangible Assets	56	46	44	42	58	53	99	98	85	112
Other Noncurrent Operating Assets	85	103	119	190	321	381	436	536	612	664
Total Liabilities & Shareholders' Equity	1,475	1,531	1,713	1,537	1,832	2,295	2,437	2,747	3,260	3,293
Total Liabilities	1,559	1,639	1,767	1,547	1,655	1,662	1,747	2,138	1,775	1,698
Total Current Liabilities	857	935	1,005	770	725	583	764	1,236	952	1,068
Short-Term Debt	573	611	655	399	289	50	148	654	325	418
Accounts Payable	53	60	67	70	72	75	116	110	111	114
Accrued Expenses	206	236	253	261	323	416	459	434	479	502
Current Deferred Revenue	26	27	29	41	41	43	40	38	37	34
Total Noncurrent Liabilities	702	704	763	776	929	1,079	984	902	824	630
Long-Term Debt	597	593	606	601	699	858	775	694	623	450
Noncurrent Deferred Revenue	27	33	36	61	49	46	41	31	29	27
Noncurrent Deferred & Payable Income Tax Liabilities	49	39	25	29	33	12	8.94	8.15	7.24	11
Other Noncurrent Operating Liabilities	29	39	96	85	149	163	158	169	165	142
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-84	-108	-54	-9.23	178	633	690	609	1,485	1,595
Total Preferred & Common Equity	-84	-108	-54	-9.51	177	632	690	609	1,485	1,595
Total Common Equity	-84	-108	-54	-9.51	177	632	690	609	1,485	1,595
Common Stock	956	1,028	1,090	1,153	1,229	1,310	1,394	1,479	1,586	1,691
Retained Earnings	318	540	804	1,168	1,596	2,176	2,920	3,600	4,445	5,332
Treasury Stock	-1,316	-1,633	-1,912	-2,289	-2,601	-2,800	-3,571	-4,392	-4,475	-5,334
Accumulated Other Comprehensive Income / (Loss)	-42	-43	-36	-42	-46	-54	-53	-78	-71	-94

This table presents IDEXX Laboratories' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	2,640	2,747	2,808	2,871	3,086	3,260	3,354	3,415	3,351	3,293
Total Current Assets	1,059	1,101	1,149	1,179	1,384	1,495	1,502	1,529	1,434	1,400
Cash & Equivalents	99	113	111	133	332	454	397	402	309	288
Accounts Receivable	388	401	446	462	453	457	507	534	511	474
Inventories, net	355	368	391	395	394	380	391	380	390	382
Other Current Assets	217	220	201	189	206	204	207	213	224	256
Plant, Property, & Equipment, net	612	649	665	683	687	702	709	708	718	713
Total Noncurrent Assets	969	996	994	1,009	1,015	1,062	1,143	1,178	1,199	1,180
Goodwill	355	362	363	364	362	366	409	408	412	405
Intangible Assets	100	98	94	91	87	85	115	111	107	112
Other Noncurrent Operating Assets	514	536	536	553	566	612	619	659	680	664
Total Liabilities & Shareholders' Equity	2,640	2,747	2,808	2,871	3,086	3,260	3,354	3,415	3,351	3,293
Total Liabilities	2,164	2,138	1,967	1,777	1,789	1,775	1,785	1,835	1,733	1,698
Total Current Liabilities	1,190	1,236	1,066	884	970	952	957	1,117	1,009	1,068
Short-Term Debt	633	654	506	339	400	325	325	420	349	418
Accounts Payable	110	110	118	108	113	111	117	117	111	114
Accrued Expenses	406	434	404	399	420	479	476	541	511	502
Current Deferred Revenue	41	38	38	38	37	37	38	38	38	34
Total Noncurrent Liabilities	974	902	902	893	819	824	828	718	723	630
Long-Term Debt	761	694	696	697	619	623	621	525	525	450
Noncurrent Deferred Revenue	35	31	30	29	28	29	28	27	27	27
Noncurrent Deferred & Payable Income Tax Liabilities	14	8.15	5.83	5.57	11	7.24	8.75	10	5.66	11
Other Noncurrent Operating Liabilities	164	169	169	162	162	165	170	156	166	142
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	476	609	841	1,094	1,297	1,485	1,569	1,580	1,618	1,595
Total Preferred & Common Equity	476	609	841	1,094	1,297	1,485	1,569	1,580	1,618	1,595
Total Common Equity	476	609	841	1,094	1,297	1,485	1,569	1,580	1,618	1,595
Common Stock	1,453	1,479	1,506	1,531	1,559	1,586	1,621	1,642	1,663	1,691
Retained Earnings	3,427	3,600	3,814	4,038	4,250	4,445	4,680	4,883	5,116	5,332
Treasury Stock	-4,324	-4,392	-4,402	-4,402	-4,437	-4,475	-4,652	-4,860	-5,085	-5,334
Accumulated Other Comprehensive Income / (Loss)	-81	-78	-77	-74	-75	-71	-80	-85	-76	-94

This table displays calculated financial ratios and metrics derived from IDEXX Laboratories' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.81%	10.83%	10.91%	12.40%	8.75%	12.45%	18.79%	4.73%	8.72%	6.46%
EBITDA Growth	16.03%	15.93%	15.58%	15.79%	11.55%	23.35%	31.13%	-2.50%	19.92%	3.81%
EBIT Growth	15.24%	16.78%	17.93%	18.96%	12.52%	25.63%	34.20%	-3.57%	22.07%	2.84%
NOPAT Growth	9.84%	14.54%	18.09%	41.83%	11.90%	34.86%	25.93%	-7.72%	23.10%	3.32%
Net Income Growth	5.60%	15.57%	18.56%	43.22%	13.46%	36.08%	27.95%	-8.83%	24.44%	5.07%
EPS Growth	14.53%	19.02%	20.49%	44.90%	14.79%	37.22%	28.17%	-6.63%	25.28%	6.06%
Operating Cash Flow Growth	-5.95%	59.44%	5.55%	7.18%	14.77%	41.14%	16.59%	-28.13%	66.95%	2.48%
Free Cash Flow Firm Growth	-2.44%	74.04%	-9.61%	7.34%	-10.19%	115.77%	-13.50%	-26.86%	121.22%	-4.49%
Invested Capital Growth	7.13%	-5.31%	4.44%	17.95%	23.97%	7.64%	26.95%	25.55%	7.26%	9.91%
Revenue Q/Q Growth	3.07%	2.50%	3.31%	1.99%	-18.99%	37.32%	2.56%	0.82%	2.04%	1.37%
EBITDA Q/Q Growth	10.45%	4.96%	3.17%	2.98%	0.36%	9.93%	1.69%	2.89%	1.66%	1.64%
EBIT Q/Q Growth	11.99%	5.07%	3.50%	3.70%	0.05%	11.11%	1.54%	3.14%	1.74%	1.47%
NOPAT Q/Q Growth	10.31%	3.12%	-4.99%	14.11%	0.92%	16.43%	-1.70%	2.00%	1.90%	2.44%
Net Income Q/Q Growth	10.62%	3.73%	-5.08%	14.37%	1.15%	16.96%	-1.61%	1.41%	2.71%	2.50%
EPS Q/Q Growth	8.47%	2.52%	-7.26%	14.52%	1.66%	16.70%	-1.49%	2.16%	2.65%	2.99%
Operating Cash Flow Q/Q Growth	30.65%	11.38%	1.54%	3.77%	4.50%	10.87%	-1.17%	-6.30%	9.21%	1.33%
Free Cash Flow Firm Q/Q Growth	62.68%	18.41%	-3.42%	-0.42%	-16.27%	38.87%	-6.30%	-13.92%	14.95%	3.54%
Invested Capital Q/Q Growth	-1.35%	-6.21%	-6.68%	-0.16%	4.91%	-0.98%	0.41%	4.17%	-0.30%	-0.40%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.58%	54.94%	55.73%	56.10%	56.73%	58.04%	58.76%	59.52%	59.82%	61.04%
EBITDA Margin	23.12%	24.18%	25.20%	25.96%	26.63%	29.21%	32.24%	30.01%	33.11%	32.28%
Operating Margin	18.72%	19.73%	20.98%	22.20%	22.97%	25.66%	28.99%	26.69%	29.97%	28.95%
EBIT Margin	18.72%	19.73%	20.98%	22.20%	22.97%	25.66%	28.99%	26.69%	29.97%	28.95%
Profit (Net Income) Margin	11.99%	12.51%	13.37%	17.04%	17.77%	21.51%	23.17%	20.17%	23.08%	22.78%
Tax Burden Percent	70.34%	68.99%	69.09%	82.37%	81.92%	87.94%	82.52%	78.97%	79.63%	80.00%
Interest Burden Percent	91.07%	91.89%	92.26%	93.16%	94.46%	95.31%	96.85%	95.68%	96.72%	98.36%
Effective Tax Rate	29.66%	31.01%	30.91%	17.63%	18.08%	12.06%	17.48%	21.03%	20.37%	20.00%
Return on Invested Capital (ROIC)	29.35%	33.39%	39.65%	50.51%	46.63%	54.71%	58.56%	42.83%	45.71%	43.47%
ROIC Less NNEP Spread (ROIC-NNEP)	26.67%	31.00%	36.89%	47.19%	43.80%	50.69%	54.84%	39.79%	42.40%	40.71%
Return on Net Nonoperating Assets (RNNOA)	1,114.51%	-264.44%	-364.56%	-1,246.06%	460.86%	88.91%	54.06%	61.74%	35.03%	14.19%
Return on Equity (ROE)	1,143.87%	-231.06%	-324.91%	-1,195.55%	507.49%	143.63%	112.62%	104.58%	80.74%	57.66%
Cash Return on Invested Capital (CROIC)	22.47%	38.84%	35.31%	34.04%	25.22%	47.35%	34.81%	20.18%	38.70%	34.02%
Operating Return on Assets (OROA)	20.98%	23.31%	25.46%	30.23%	32.81%	33.66%	39.39%	34.67%	36.53%	34.44%
Return on Assets (ROA)	13.44%	14.78%	16.23%	23.20%	25.39%	28.21%	31.48%	26.20%	28.14%	27.10%
Return on Common Equity (ROCE)	1,136.95%	-231.38%	-325.72%	-1,205.86%	505.59%	143.44%	112.56%	104.58%	80.74%	57.66%
Return on Equity Simple (ROE_SIMPLE)	-228.39%	-204.94%	-486.58%	-3,963.49%	241.05%	92.10%	107.95%	111.56%	56.92%	55.65%
Net Operating Profit after Tax (NOPAT)	211	242	285	405	453	611	769	710	874	903
NOPAT Margin	13.17%	13.61%	14.49%	18.29%	18.82%	22.56%	23.92%	21.08%	23.86%	23.16%
Net Nonoperating Expense Percent (NNEP)	2.68%	2.39%	2.76%	3.32%	2.83%	4.02%	3.72%	3.04%	3.31%	2.76%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	36.26%	35.92%	36.65%
Cost of Revenue to Revenue	44.42%	45.06%	44.27%	43.90%	43.27%	41.96%	41.24%	40.48%	40.18%	38.96%
SG&A Expenses to Revenue	11.39%	11.66%	11.22%	11.07%	10.86%	11.11%	9.63%	9.69%	9.17%	11.35%
R&D to Revenue	6.22%	5.70%	5.54%	5.33%	5.53%	5.22%	5.01%	7.57%	5.22%	5.64%
Operating Expenses to Revenue	36.85%	35.21%	34.76%	33.90%	33.77%	32.38%	29.78%	32.83%	29.85%	32.09%
Earnings before Interest and Taxes (EBIT)	300	350	413	491	553	695	932	899	1,097	1,128
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	370	429	496	575	641	791	1,037	1,011	1,212	1,258
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	126.22	67.46	80.92	55.50	31.05	21.22
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	126.83	241.06	226.34	44.58	31.39
Price to Revenue (P/Rev)	4.14	5.92	6.93	7.25	9.31	15.75	17.36	10.03	12.59	8.69
Price to Earnings (P/E)	34.53	47.35	51.83	42.55	52.37	73.29	74.96	49.75	54.55	38.13
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.90%	2.11%	1.93%	2.35%	1.91%	1.36%	1.33%	2.01%	1.83%	2.62%
Enterprise Value to Invested Capital (EV/IC)	10.03	16.09	19.62	19.51	21.67	37.30	38.53	18.99	23.55	15.83
Enterprise Value to Revenue (EV/Rev)	4.66	6.38	7.33	7.64	9.68	15.95	17.61	10.40	12.73	8.83
Enterprise Value to EBITDA (EV/EBITDA)	20.15	26.38	29.08	29.45	36.35	54.60	54.61	34.65	38.44	27.37
Enterprise Value to EBIT (EV/EBIT)	24.88	32.34	34.93	34.43	42.14	62.15	60.74	38.97	42.47	30.52
Enterprise Value to NOPAT (EV/NOPAT)	35.36	46.87	50.56	41.80	51.44	70.67	73.61	49.35	53.33	38.15
Enterprise Value to Operating Cash Flow (EV/OCF)	33.64	32.03	38.65	42.29	50.74	66.60	74.93	64.50	51.40	37.07
Enterprise Value to Free Cash Flow (EV/FCFF)	46.19	40.29	56.78	62.02	95.11	81.66	123.83	104.73	62.98	48.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-13.93	-11.13	-23.42	-108.34	5.55	1.44	1.34	2.22	0.64	0.54
Long-Term Debt to Equity	-7.11	-5.48	-11.26	-65.13	3.93	1.36	1.12	1.14	0.42	0.28
Financial Leverage	41.79	-8.53	-9.88	-26.41	10.52	1.75	0.99	1.55	0.83	0.35
Leverage Ratio	85.11	-15.64	-20.02	-51.54	19.99	5.09	3.58	3.99	2.87	2.13
Compound Leverage Factor	77.51	-14.37	-18.47	-48.01	18.88	4.85	3.46	3.82	2.78	2.09
Debt to Total Capital	107.73%	109.87%	104.46%	100.93%	84.74%	58.94%	57.24%	68.90%	38.97%	35.23%
Short-Term Debt to Total Capital	52.76%	55.75%	54.26%	40.25%	24.78%	3.24%	9.20%	33.42%	13.36%	16.96%
Long-Term Debt to Total Capital	54.98%	54.12%	50.20%	60.68%	59.97%	55.70%	48.04%	35.48%	25.61%	18.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.01%	0.01%	0.02%	0.03%	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-7.75%	-9.89%	-4.48%	-0.96%	15.23%	41.01%	42.76%	31.10%	61.03%	64.77%
Debt to EBITDA	3.16	2.80	2.54	1.74	1.54	1.15	0.89	1.33	0.78	0.69
Net Debt to EBITDA	2.23	1.89	1.59	1.53	1.40	0.66	0.75	1.22	0.41	0.46
Long-Term Debt to EBITDA	1.61	1.38	1.22	1.05	1.09	1.09	0.75	0.69	0.51	0.36
Debt to NOPAT	5.55	4.98	4.42	2.47	2.18	1.49	1.20	1.90	1.08	0.96
Net Debt to NOPAT	3.92	3.36	2.77	2.17	1.98	0.86	1.01	1.74	0.57	0.64
Long-Term Debt to NOPAT	2.83	2.45	2.12	1.49	1.54	1.41	1.01	0.98	0.71	0.50
Altman Z-Score	4.58	6.19	7.21	9.69	11.62	19.15	23.53	13.56	19.92	16.66
Noncontrolling Interest Sharing Ratio	0.60%	-0.14%	-0.25%	-0.86%	0.37%	0.13%	0.05%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.96	0.90	0.97	0.85	0.94	1.82	1.25	0.89	1.57	1.31
Quick Ratio	0.62	0.64	0.70	0.48	0.50	1.23	0.67	0.42	0.96	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	162	281	254	273	245	529	457	334	740	707
Operating Cash Flow to CapEx	267.49%	545.86%	501.82%	345.64%	296.29%	605.90%	632.00%	364.82%	678.37%	768.26%
Free Cash Flow to Firm to Interest Expense	5.52	8.77	6.83	7.85	7.89	15.96	15.34	8.39	17.79	22.64
Operating Cash Flow to Interest Expense	7.59	11.03	10.03	11.52	14.79	19.56	25.35	13.62	21.80	29.77
Operating Cash Flow Less CapEx to Interest Expense	4.75	9.01	8.03	8.18	9.80	16.34	21.34	9.89	18.59	25.90
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.12	1.18	1.21	1.36	1.43	1.31	1.36	1.30	1.22	1.19
Accounts Receivable Turnover	9.40	9.04	8.97	9.16	9.29	9.01	9.19	8.76	8.53	8.37
Inventory Turnover	4.08	4.61	5.41	5.76	5.65	5.61	5.54	4.28	3.93	3.98
Fixed Asset Turnover	5.03	5.14	5.35	5.42	4.96	4.97	5.63	5.44	5.42	5.51
Accounts Payable Turnover	14.61	14.20	13.72	14.24	14.70	15.48	13.91	12.04	13.32	13.51
Days Sales Outstanding (DSO)	38.82	40.38	40.70	39.86	39.29	40.51	39.72	41.68	42.77	43.59
Days Inventory Outstanding (DIO)	89.55	79.13	67.49	63.41	64.55	65.07	65.92	85.27	92.81	91.60
Days Payable Outstanding (DPO)	24.98	25.71	26.59	25.64	24.83	23.58	26.25	30.31	27.40	27.02
Cash Conversion Cycle (CCC)	103.39	93.80	81.59	77.64	79.00	81.99	79.39	96.64	108.19	108.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	744	704	735	867	1,075	1,157	1,469	1,845	1,978	2,175
Invested Capital Turnover	2.23	2.45	2.74	2.76	2.48	2.42	2.45	2.03	1.92	1.88
Increase / (Decrease) in Invested Capital	49	-39	31	132	208	82	312	375	134	196
Enterprise Value (EV)	7,461	11,327	14,429	16,918	23,298	43,164	56,612	35,022	46,592	34,434
Market Capitalization	6,633	10,514	13,639	16,041	22,400	42,639	55,833	33,786	46,098	33,854
Book Value per Share	($0.92)	($1.21)	($0.62)	($0.11)	$2.07	$7.41	$8.14	$7.35	$17.87	$19.48
Tangible Book Value per Share	($3.51)	($3.71)	($3.41)	($3.08)	($1.41)	$3.94	$2.73	$1.80	$12.45	$13.17
Total Capital	1,086	1,096	1,207	991	1,166	1,541	1,614	1,957	2,432	2,463
Total Debt	1,170	1,204	1,261	1,000	988	908	924	1,348	948	868
Total Long-Term Debt	597	593	606	601	699	858	775	694	623	450
Net Debt	828	812	789	876	897	525	779	1,236	494	579
Capital Expenditures (CapEx)	83	65	74	116	155	107	120	149	134	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	195	130	150	159	153	146	196	407	415	462
Debt-free Net Working Capital (DFNWC)	538	522	622	283	243	530	341	520	869	750
Net Working Capital (NWC)	-35	-89	-33	-116	-46	480	192	-134	544	332
Net Nonoperating Expense (NNE)	19	20	22	28	25	29	24	31	29	15
Net Nonoperating Obligations (NNO)	828	812	789	876	897	525	779	1,236	494	579
Total Depreciation and Amortization (D&A)	70	79	83	83	88	96	105	112	115	130
Debt-free, Cash-free Net Working Capital to Revenue	12.19%	7.33%	7.64%	7.18%	6.35%	5.40%	6.10%	12.09%	11.33%	11.84%
Debt-free Net Working Capital to Revenue	33.58%	29.40%	31.61%	12.77%	10.10%	19.58%	10.59%	15.43%	23.73%	19.24%
Net Working Capital to Revenue	-2.19%	-5.01%	-1.65%	-5.25%	-1.90%	17.73%	5.97%	-3.99%	14.85%	8.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.07	$2.47	$3.00	$4.34	$4.97	$6.82	$8.74	$8.12	$10.17	$10.77
Adjusted Weighted Average Basic Shares Outstanding	92.60M	89.73M	87.77M	86.86M	86.12M	85.34M	85.20M	83.62M	83.07M	82.47M
Adjusted Diluted Earnings per Share	$2.05	$2.44	$2.94	$4.26	$4.89	$6.71	$8.60	$8.03	$10.06	$10.67
Adjusted Weighted Average Diluted Shares Outstanding	93.65M	90.88M	89.57M	88.47M	87.54M	86.72M	86.57M	84.60M	83.98M	83.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.64M	88.01M	87.12M	86.01M	85.33M	85.43M	84.25M	82.90M	83.09M	81.33M
Normalized Net Operating Profit after Tax (NOPAT)	217	242	285	405	453	611	769	710	874	903
Normalized NOPAT Margin	13.53%	13.61%	14.49%	18.29%	18.82%	22.56%	23.92%	21.08%	23.86%	23.16%
Pre Tax Income Margin	17.05%	18.13%	19.35%	20.68%	21.70%	24.46%	28.07%	25.54%	28.99%	28.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.26	10.93	11.10	14.14	17.80	20.97	31.27	22.55	26.39	36.16
NOPAT to Interest Expense	7.22	7.54	7.67	11.65	14.58	18.44	25.80	17.81	21.01	28.93
EBIT Less CapEx to Interest Expense	7.42	8.91	9.10	10.81	12.81	17.74	27.26	18.82	23.17	32.28
NOPAT Less CapEx to Interest Expense	4.38	5.52	5.67	8.32	9.59	15.21	21.79	14.07	17.80	25.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	2.13%	0.00%	0.00%	0.00%	0.00%	0.13%	0.00%	0.00%	0.00%
Augmented Payout Ratio	209.22%	139.07%	107.33%	97.95%	70.52%	31.40%	100.39%	120.71%	8.51%	94.27%

This table displays calculated financial ratios and metrics derived from IDEXX Laboratories' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.85%	3.43%	7.61%	9.65%	8.78%	8.81%	7.10%	6.35%	6.56%	5.84%
EBITDA Growth	8.30%	12.50%	12.32%	56.38%	11.30%	7.75%	6.52%	-8.64%	11.09%	7.40%
EBIT Growth	8.35%	13.72%	12.91%	65.38%	12.44%	8.29%	6.62%	-10.92%	10.39%	6.68%
NOPAT Growth	4.63%	8.28%	12.41%	68.13%	15.29%	8.82%	6.30%	-10.86%	8.55%	10.81%
Net Income Growth	3.29%	5.80%	10.36%	69.90%	17.29%	12.96%	10.06%	-9.34%	9.71%	11.12%
EPS Growth	5.91%	9.04%	12.33%	71.15%	17.67%	12.68%	10.20%	-8.61%	10.67%	13.42%
Operating Cash Flow Growth	0.96%	-17.40%	60.33%	204.20%	44.14%	44.07%	7.98%	23.96%	-19.22%	4.87%
Free Cash Flow Firm Growth	-4.00%	-34.59%	34.81%	73.53%	103.56%	133.88%	153.79%	287.02%	800.69%	-62.45%
Invested Capital Growth	21.01%	25.55%	20.14%	15.99%	12.08%	7.26%	9.56%	6.34%	10.02%	9.91%
Revenue Q/Q Growth	-2.19%	-1.56%	8.64%	4.83%	-2.98%	-1.52%	6.93%	4.10%	-2.79%	-2.18%
EBITDA Q/Q Growth	31.95%	-6.63%	20.95%	4.95%	-6.09%	-9.61%	19.57%	-9.99%	14.20%	-12.61%
EBIT Q/Q Growth	36.73%	-7.48%	23.78%	5.62%	-7.04%	-10.89%	21.87%	-11.76%	15.20%	-13.89%
NOPAT Q/Q Growth	36.94%	-3.28%	22.55%	3.58%	-6.10%	-8.71%	19.72%	-13.14%	14.35%	-6.80%
Net Income Q/Q Growth	37.10%	-4.83%	24.30%	4.76%	-5.35%	-8.34%	21.11%	-13.70%	14.53%	-7.17%
EPS Q/Q Growth	37.82%	-4.65%	24.39%	4.71%	-5.24%	-8.70%	21.65%	-13.17%	14.75%	-6.43%
Operating Cash Flow Q/Q Growth	187.02%	-8.24%	6.05%	8.92%	36.00%	-8.29%	-20.52%	25.04%	-11.37%	19.06%
Free Cash Flow Firm Q/Q Growth	27.19%	-62.74%	48.12%	56.95%	109.80%	1,448.06%	-17.63%	49.69%	-52.81%	-35.46%
Invested Capital Q/Q Growth	2.85%	4.17%	4.77%	3.33%	-0.62%	-0.30%	7.01%	0.30%	2.82%	-0.40%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.19%	58.53%	60.32%	60.71%	59.85%	58.36%	61.52%	61.70%	61.10%	59.80%
EBITDA Margin	32.48%	30.81%	34.30%	34.34%	33.23%	30.51%	34.11%	29.49%	34.65%	30.95%
Operating Margin	29.09%	27.34%	31.15%	31.38%	30.07%	27.21%	31.01%	26.29%	31.15%	27.42%
EBIT Margin	29.09%	27.34%	31.15%	31.38%	30.07%	27.21%	31.01%	26.29%	31.15%	27.42%
Profit (Net Income) Margin	21.50%	20.78%	23.78%	23.76%	23.18%	21.58%	24.44%	20.26%	23.87%	22.65%
Tax Burden Percent	77.26%	80.77%	79.96%	78.42%	79.22%	81.16%	79.73%	78.48%	77.90%	84.31%
Interest Burden Percent	95.65%	94.12%	95.47%	96.55%	97.31%	97.70%	98.84%	98.20%	98.36%	97.98%
Effective Tax Rate	22.74%	19.23%	20.04%	21.58%	20.78%	18.84%	20.27%	21.52%	22.10%	15.69%
Return on Invested Capital (ROIC)	46.42%	44.88%	48.27%	46.52%	45.52%	42.29%	45.48%	37.90%	44.77%	43.39%
ROIC Less NNEP Spread (ROIC-NNEP)	45.60%	43.81%	47.28%	45.78%	44.93%	41.76%	45.14%	37.38%	44.15%	42.56%
Return on Net Nonoperating Assets (RNNOA)	74.15%	67.97%	65.78%	63.98%	50.21%	34.51%	30.71%	20.22%	18.97%	14.83%
Return on Equity (ROE)	120.57%	112.85%	114.04%	110.50%	95.73%	76.80%	76.19%	58.11%	63.74%	58.22%
Cash Return on Invested Capital (CROIC)	24.02%	20.18%	23.18%	29.76%	34.28%	38.70%	34.73%	35.72%	32.74%	34.02%
Operating Return on Assets (OROA)	38.66%	35.52%	39.57%	40.26%	37.68%	33.16%	37.49%	31.66%	37.21%	32.62%
Return on Assets (ROA)	28.57%	27.00%	30.21%	30.49%	29.05%	26.30%	29.54%	24.40%	28.51%	26.94%
Return on Common Equity (ROCE)	120.50%	112.85%	114.04%	110.50%	95.73%	76.80%	76.19%	58.11%	63.74%	58.22%
Return on Equity Simple (ROE_SIMPLE)	140.68%	0.00%	83.13%	72.35%	63.41%	0.00%	55.23%	53.51%	53.54%	0.00%
Net Operating Profit after Tax (NOPAT)	189	183	224	232	218	199	238	207	237	221
NOPAT Margin	22.47%	22.08%	24.91%	24.61%	23.82%	22.08%	24.72%	20.63%	24.27%	23.12%
Net Nonoperating Expense Percent (NNEP)	0.82%	1.07%	0.99%	0.74%	0.59%	0.53%	0.34%	0.51%	0.62%	0.83%
Return On Investment Capital (ROIC_SIMPLE)	-	9.35%	-	-	-	8.19%	-	-	-	8.96%
Cost of Revenue to Revenue	39.81%	41.47%	39.68%	39.29%	40.15%	41.64%	38.48%	38.30%	38.90%	40.20%
SG&A Expenses to Revenue	9.95%	10.02%	7.79%	9.50%	9.72%	9.65%	9.55%	15.67%	9.42%	10.60%
R&D to Revenue	5.70%	5.24%	4.96%	4.93%	5.24%	5.75%	5.46%	5.53%	5.53%	6.05%
Operating Expenses to Revenue	31.10%	31.19%	29.17%	29.32%	29.79%	31.15%	30.51%	35.41%	29.95%	32.38%
Earnings before Interest and Taxes (EBIT)	245	227	280	296	275	245	299	264	304	262
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	273	255	309	324	304	275	329	296	338	295
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	56.98	55.50	49.29	38.11	27.98	31.05	28.58	25.46	25.70	21.22
Price to Tangible Book Value (P/TBV)	1,307.88	226.34	108.02	65.27	42.78	44.58	42.92	37.91	37.83	31.39
Price to Revenue (P/Rev)	8.12	10.03	12.08	11.86	10.12	12.59	12.04	10.63	10.82	8.69
Price to Earnings (P/E)	40.50	49.75	59.30	52.67	44.12	54.55	51.75	47.58	48.00	38.13
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.47%	2.01%	1.69%	1.90%	2.27%	1.83%	1.93%	2.10%	2.08%	2.62%
Enterprise Value to Invested Capital (EV/IC)	16.05	18.99	22.02	21.33	18.64	23.55	21.44	19.20	19.30	15.83
Enterprise Value to Revenue (EV/Rev)	8.51	10.40	12.40	12.12	10.31	12.73	12.19	10.77	10.96	8.83
Enterprise Value to EBITDA (EV/EBITDA)	28.93	34.65	40.74	36.67	31.02	38.44	36.84	33.87	34.05	27.37
Enterprise Value to EBIT (EV/EBIT)	32.61	38.97	45.71	40.64	34.30	42.47	40.68	37.64	37.90	30.52
Enterprise Value to NOPAT (EV/NOPAT)	40.84	49.35	57.94	51.41	43.14	53.33	51.13	47.28	47.83	38.15
Enterprise Value to Operating Cash Flow (EV/OCF)	49.04	64.50	69.50	57.04	44.56	51.40	49.27	42.08	45.97	37.07
Enterprise Value to Free Cash Flow (EV/FCFF)	73.16	104.73	103.68	76.98	57.47	62.98	64.55	55.42	61.77	48.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.93	2.22	1.43	0.95	0.79	0.64	0.60	0.60	0.54	0.54
Long-Term Debt to Equity	1.60	1.14	0.83	0.64	0.48	0.42	0.40	0.33	0.32	0.28
Financial Leverage	1.63	1.55	1.39	1.40	1.12	0.83	0.68	0.54	0.43	0.35
Leverage Ratio	4.08	3.99	3.65	3.53	3.23	2.87	2.56	2.35	2.21	2.13
Compound Leverage Factor	3.90	3.76	3.48	3.41	3.14	2.80	2.53	2.31	2.17	2.08
Debt to Total Capital	74.54%	68.90%	58.85%	48.64%	43.99%	38.97%	37.61%	37.42%	35.07%	35.23%
Short-Term Debt to Total Capital	33.85%	33.42%	24.78%	15.92%	17.27%	13.36%	12.92%	16.64%	14.01%	16.96%
Long-Term Debt to Total Capital	40.69%	35.48%	34.07%	32.72%	26.72%	25.61%	24.69%	20.78%	21.06%	18.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	25.46%	31.10%	41.15%	51.36%	56.01%	61.03%	62.39%	62.58%	64.93%	64.77%
Debt to EBITDA	1.42	1.33	1.15	0.89	0.85	0.78	0.77	0.78	0.71	0.69
Net Debt to EBITDA	1.32	1.22	1.04	0.78	0.58	0.41	0.45	0.45	0.46	0.46
Long-Term Debt to EBITDA	0.77	0.69	0.67	0.60	0.52	0.51	0.50	0.44	0.42	0.36
Debt to NOPAT	2.00	1.90	1.64	1.25	1.19	1.08	1.07	1.10	0.99	0.96
Net Debt to NOPAT	1.86	1.74	1.49	1.09	0.80	0.57	0.62	0.63	0.64	0.64
Long-Term Debt to NOPAT	1.09	0.98	0.95	0.84	0.72	0.71	0.70	0.61	0.60	0.50
Altman Z-Score	10.85	12.76	16.13	17.73	15.72	19.06	18.63	16.67	18.14	15.80
Noncontrolling Interest Sharing Ratio	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.89	0.89	1.08	1.33	1.43	1.57	1.57	1.37	1.42	1.31
Quick Ratio	0.41	0.42	0.52	0.67	0.81	0.96	0.95	0.84	0.81	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-118	-192	-100	-43	4.21	65	54	80	38	24
Operating Cash Flow to CapEx	501.53%	352.29%	465.47%	729.21%	799.06%	767.45%	655.98%	745.57%	783.51%	895.66%
Free Cash Flow to Firm to Interest Expense	-10.75	-14.20	-7.60	-4.08	0.49	7.03	6.79	9.92	4.93	3.26
Operating Cash Flow to Interest Expense	17.18	12.80	14.01	19.00	31.51	26.97	25.10	30.66	28.59	34.95
Operating Cash Flow Less CapEx to Interest Expense	13.76	9.17	11.00	16.40	27.56	23.45	21.28	26.55	24.94	31.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.33	1.30	1.27	1.28	1.25	1.22	1.21	1.20	1.19	1.19
Accounts Receivable Turnover	8.73	8.76	8.09	8.03	8.53	8.53	7.82	7.60	7.98	8.37
Inventory Turnover	4.45	4.28	3.99	3.87	3.84	3.93	3.80	3.87	3.85	3.98
Fixed Asset Turnover	5.63	5.44	5.45	5.50	5.52	5.42	5.42	5.44	5.47	5.51
Accounts Payable Turnover	13.86	12.04	11.59	11.98	12.92	13.32	12.63	13.31	13.53	13.51
Days Sales Outstanding (DSO)	41.79	41.68	45.12	45.43	42.77	42.77	46.70	48.00	45.76	43.59
Days Inventory Outstanding (DIO)	82.08	85.27	91.44	94.41	94.97	92.81	96.07	94.40	94.70	91.60
Days Payable Outstanding (DPO)	26.33	30.31	31.50	30.48	28.25	27.40	28.91	27.42	26.97	27.02
Cash Conversion Cycle (CCC)	97.54	96.64	105.06	109.36	109.49	108.19	113.87	114.98	113.49	108.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,771	1,845	1,933	1,997	1,985	1,978	2,117	2,124	2,183	2,175
Invested Capital Turnover	2.07	2.03	1.94	1.89	1.91	1.92	1.84	1.84	1.85	1.88
Increase / (Decrease) in Invested Capital	307	375	324	275	214	134	185	127	199	196
Enterprise Value (EV)	28,419	35,022	42,550	42,591	36,986	46,592	45,390	40,780	42,148	34,434
Market Capitalization	27,124	33,786	41,458	41,688	36,299	46,098	44,842	40,237	41,583	33,854
Book Value per Share	$5.72	$7.35	$10.15	$13.18	$15.63	$17.87	$18.88	$19.13	$19.66	$19.48
Tangible Book Value per Share	$0.25	$1.80	$4.63	$7.70	$10.22	$12.45	$12.57	$12.85	$13.35	$13.17
Total Capital	1,870	1,957	2,044	2,130	2,316	2,432	2,515	2,525	2,492	2,463
Total Debt	1,394	1,348	1,203	1,036	1,019	948	946	945	874	868
Total Long-Term Debt	761	694	696	697	619	623	621	525	525	450
Net Debt	1,295	1,236	1,091	903	687	494	548	543	565	579
Capital Expenditures (CapEx)	38	49	40	27	34	33	30	33	28	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	403	407	479	501	482	415	473	430	465	462
Debt-free Net Working Capital (DFNWC)	502	520	590	634	814	869	870	832	774	750
Net Working Capital (NWC)	-131	-134	84	295	414	544	545	412	425	332
Net Nonoperating Expense (NNE)	8.22	11	10	8.01	5.86	4.57	2.77	3.72	3.88	4.47
Net Nonoperating Obligations (NNO)	1,295	1,236	1,091	903	687	494	548	543	565	579
Total Depreciation and Amortization (D&A)	29	29	28	28	29	30	30	32	34	34
Debt-free, Cash-free Net Working Capital to Revenue	12.06%	12.09%	13.96%	14.27%	13.44%	11.33%	12.69%	11.37%	12.09%	11.84%
Debt-free Net Working Capital to Revenue	15.03%	15.43%	17.21%	18.05%	22.69%	23.73%	23.36%	21.98%	20.12%	19.24%
Net Working Capital to Revenue	-3.92%	-3.99%	2.44%	8.40%	11.54%	14.85%	14.63%	10.88%	11.04%	8.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.17	$2.08	$2.58	$2.70	$2.55	$2.34	$2.84	$2.46	$2.83	$2.64
Adjusted Weighted Average Basic Shares Outstanding	83.25M	83.62M	82.99M	83.09M	83.10M	83.07M	83.10M	82.63M	82.30M	82.47M
Adjusted Diluted Earnings per Share	$2.15	$2.05	$2.55	$2.67	$2.53	$2.31	$2.81	$2.44	$2.80	$2.62
Adjusted Weighted Average Diluted Shares Outstanding	84.11M	84.60M	83.96M	83.98M	83.99M	83.98M	83.96M	83.39M	83.06M	83.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	82.82M	82.90M	83.00M	83.01M	83.05M	83.09M	82.59M	82.31M	81.88M	81.33M
Normalized Net Operating Profit after Tax (NOPAT)	189	183	224	232	218	199	238	207	237	221
Normalized NOPAT Margin	22.47%	22.08%	24.91%	24.61%	23.82%	22.08%	24.72%	20.63%	24.27%	23.12%
Pre Tax Income Margin	27.82%	25.73%	29.74%	30.30%	29.26%	26.58%	30.65%	25.81%	30.64%	26.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.26	16.72	21.36	28.09	31.84	26.48	37.79	32.57	39.48	34.90
NOPAT to Interest Expense	17.20	13.51	17.08	22.03	25.22	21.49	30.13	25.56	30.76	29.42
EBIT Less CapEx to Interest Expense	18.83	13.09	18.35	25.49	27.89	22.96	33.96	28.46	35.83	31.00
NOPAT Less CapEx to Interest Expense	13.77	9.87	14.07	19.42	21.28	17.97	26.30	21.45	27.11	25.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	147.90%	120.71%	79.15%	31.17%	13.26%	8.51%	26.16%	52.29%	72.48%	94.27%

Frequently Asked Questions About IDEXX Laboratories' Financials

When does IDEXX Laboratories's fiscal year end?

According to the most recent income statement we have on file, IDEXX Laboratories' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has IDEXX Laboratories' net income changed over the last 9 years?

IDEXX Laboratories' net income appears to be on an upward trend, with a most recent value of $887.87 million in 2024, rising from $192.14 million in 2015. The previous period was $845.04 million in 2023.

What is IDEXX Laboratories's operating income?

IDEXX Laboratories's total operating income in 2024 was $1.13 billion, based on the following breakdown:

Total Gross Profit: $2.38 billion
Total Operating Expenses: $1.25 billion

How has IDEXX Laboratories revenue changed over the last 9 years?

Over the last 9 years, IDEXX Laboratories' total revenue changed from $1.60 billion in 2015 to $3.90 billion in 2024, a change of 143.3%.

How much debt does IDEXX Laboratories have?

IDEXX Laboratories' total liabilities were at $1.70 billion at the end of 2024, a 4.4% decrease from 2023, and a 8.9% increase since 2015.

How much cash does IDEXX Laboratories have?

In the past 9 years, IDEXX Laboratories' cash and equivalents has ranged from $90.33 million in 2019 to $453.93 million in 2023, and is currently $288.27 million as of their latest financial filing in 2024.

How has IDEXX Laboratories' book value per share changed over the last 9 years?

Over the last 9 years, IDEXX Laboratories' book value per share changed from -0.92 in 2015 to 19.48 in 2024, a change of -2,206.7%.

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This page (NASDAQ:IDXX) was last updated on 4/14/2025 by MarketBeat.com Staff

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IDEXX Laboratories (IDXX) Financials

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IDEXX Laboratories (IDXX) Financials

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